Exchange Default definition

Exchange Default means the failure by Exchange to perform any of its Obligations in respect of any Transaction with the Contracting Party that is not an Unremedied Exchange Default;
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Exchange Default has the meaning ascribed thereto in Section 3.5.
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Exchange Default means the failure by Exchange to perform any of its Obligations in respect of any Swap Transaction or Option Transaction with the Contracting Party;
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Examples of Exchange Default in a sentence

  • The Contracting Party and Exchange hereby agree that the recourse of the Contracting Party in respect of any Financially Settled Futures Transactions or Option Transactions is against Exchange and agrees that in the event of an Exchange Default, the Contracting Party is entitled to all rights at law except as specifically limited by this Agreement.

  • For greater certainty, an affected Contracting Party cannot exercise its voluntary right to terminate this Agreement if an Exchange Failure to Deliver, Exchange Failure to Take, Exchange Failure to Pay or Exchange Default has occurred which, with the giving of notice or the lapse of time or both, would constitute an Unremedied Exchange Default or Exchange Bankruptcy Event of Default.

  • Exchange Failure to Pay Resulting from a Failure to Deliver, Failure to Take or Exchange Default – The Contracting Party will be entitled in the event of an Exchange Failure to Pay resulting from an Failure to Take, Failure to Deliver or Exchange Default to file with the Escrow Agent the Contracting Party’s Demand pursuant to, and as defined in, the Deposit Agreement after the expiry of five Business Days from the occurrence of such event.

  • The Corporation will recalculate the required Listing Exchange Default Contribution using the formula in the preceding sentence for each Listing Exchange as of the end of each calendar year, provided that the Listing Exchange Default Contribution will not be reduced as a result of any such recalculation.

  • Corporate Members/AOPs intending to send their authorized representatives to attend the meeting are requested to send a certified copy of the Board Resolution/Authority, pursuant to Section 113 of the Companies Act, 2013 authorizing their representative to attend and vote on their behalf at the ensuing Extra-Ordinary General Meeting.

  • Contracting Party’s Demand – The Contracting Party will be entitled in the event of an Exchange Failure to Pay resulting from a Failure to Take, Failure to Deliver or Exchange Default to file with the Escrow Agent the Contracting Party’s Demand pursuant to, and as defined in, the Deposit Agreement after the expiry of five (5) Business Days from the occurrence of such event.

  • The Listing Exchange Default Contribution shall initially be in an amount equal to the greater of (i) $10 million and (ii) the arithmetic average of the Guaranty Fund Deposit Requirements of all Clearing Members as of the end of the most recent calendar year.

  • In the event of an increase in its required Listing Exchange Default Contribution as of any calendar year-end, the Listing Exchange shall be required to increase its Listing Exchange Contribution to the required level, within the timeframe and in the manner specified in the policies and procedures of the Corporation as in effect from time to time.

  • The Exchange may notify the Members that are not Defaulting Members of the actions taken under The Exchange Default Rules at various other points in the process.

  • The Contractor shall establish and implement methods of ensuring all keys and/or swipe cards issued by the City are not lost or misplaced, and are not released to unauthorized persons.


More Definitions of Exchange Default

Exchange Default or “Conversion Default”, as applicable), the Holder shall have the right to receive from the Company an amount equal to (i) (N/365) multiplied by (ii) the aggregate principal amount of this Note as to which the Company has failed to deliver such Exchange Shares or Conversion Shares multiplied by (iii) the Default Rate, where “N” equals the number of days elapsed between the original Delivery Date of such shares and the date on which such Exchange Default or Conversion Default has been cured. In the event that Common Shares are purchased by or on behalf of the Holder in order to make delivery on a sale effected in anticipation of receiving Exchange Shares or Conversion Shares, as applicable, the Holder shall have the right to receive from the Company, in addition to the amounts described in the immediately preceding sentence, (i) the aggregate amount paid by or on behalf of the Holder for such purchased shares minus (ii) the aggregate amount of net proceeds, if any, received by the Holder from the sale of the Exchange Shares or Conversion Shares, as applicable, subsequently delivered to the Holder pursuant to such Exchange or Conversion. Amounts payable under this Section 9(d) shall be paid to the Holder by wire transfer of immediately available funds on or before the fifth (5th) Business Day following written notice from the Holder to the Company specifying the amount owed to it by the Company pursuant to this Section 9(d). In addition to the rights of the Holder under this Section 9(d), the Holder shall have the right to pursue all other remedies available to it at law or in equity (including, without limitation, a decree of specific performance and/or injunctive relief).
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Exchange Default. Section 9(d)
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Exchange Default. SECTION 9(d)
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Exchange Default means the failure by MDC to deliver the required amount or number, as the case may be, of cash and/or Units in accordance with Article 5 upon the exercise by any Holder of the Exchange Right.
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Related to Exchange Default

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Indenture Default means any condition, circumstance, act or event that, with the giving of notice, the lapse of time or both, would constitute an Indenture Event of Default.

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Loan Default means an event, which with the giving of notice or lapse of time or both, would become a Loan Event of Default.

  • Credit Default Swap means any credit default swap entered into as a means to (i) invest in bonds, notes, loans, debentures or securities on a leveraged basis or (ii) hedge the default risk of bonds, notes, loans, debentures or securities.

  • Lease Default means any event or condition which, with the lapse of time or the giving of notice, or both, would constitute a Lease Event of Default.

  • Issuer Event of Default means the occurrence of any of the following events:

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Payment Event of Default means an Event of Default specified in Section 7.1(a).

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Senior Payment Default means any default in the payment of principal of (or premium, if any) or interest on any Senior Debt of the Company when due, whether at the Stated Maturity of any such payment or by declaration of acceleration, call for redemption or otherwise. In the event that any Senior Nonmonetary Default (as defined below) shall have occurred and be continuing, then, upon the receipt by the Company, the Subsidiary Guarantors and the Trustee of written notice of such Senior Nonmonetary Default from the agent for the Designated Senior Debt which is the subject of such Senior Nonmonetary Default, no Securities Payment shall be made during the period (the “Payment Blockage Period”) commencing on the date of such receipt of such written notice and ending on the earlier of (i) the date on which such Senior Nonmonetary Default shall have been cured or waived or shall have ceased to exist or all Designated Senior Debt the subject of such Senior Nonmonetary Default shall have been discharged; (ii) the 179th day after the date of such receipt of such written notice; or (iii) the date on which the Payment Blockage Period shall have been terminated by written notice to the Company, any Subsidiary Guarantor or the Trustee from the agent for the Designated Senior Debt initiating the Payment Blockage Period; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in accordance with Article Sixteen by delivering and crediting pursuant to Section 1602 Securities which have been acquired (upon redemption or otherwise) prior to the date of such receipt of such written notice. No more than one Payment Blockage Period may be commenced with respect to the Securities of a particular series during any 360-day period and there shall be a period of at least 181 consecutive days in each 360-day period when no Payment Blockage Period is in effect. For all purposes of this paragraph, no Senior Nonmonetary Default that existed or was continuing on the date of commencement of any Payment Blockage Period shall be, or be made, the basis for the commencement of a subsequent Payment Blockage Period, whether or not within a period of 360 consecutive days, unless such Senior Nonmonetary Default shall have been cured for a period of not less than 90 consecutive days.

  • Debenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Registration Default As defined in Section 5 hereof.

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Specified Event of Default means any Event of Default under Section 8.01(a), (f) or (g).